EURBASE [EBASE]

We are delighted to announce that we have successfully started the first phase of our stablecoin named EURBASE [EBASE].

We are aiming to create the first anti-inflationary based stablecoin. As the name can tell we are aiming to initially peg to Euro, however not for long.

As most of us know the central banks and governments tend to tax most of us via inflationary taxation that is to certain degree sold to us via macroeconomic need to push people to spend instead of hoarding the savings and deposits.

Currently, this pressure is getting stronger by the very introduction of negative interest rates and negative yields to AAA-AA government bonds.

What we are concluding is that holding Euro and other major currencies can get very expensive in the near future by virtue of both higher inflation due to global trade sanctions and negative interest rates.

We are modelling EURBASE stablecoin to be able to keep up with the inflation within the EUROZONE (current ECB target being 2%) and to be free from negative yields to its holders. In order to cover up the marginal increase the stablecoin will be use its earnings from fees, market making and portfolio appreciation of its underlying assets to manufacture the peg and anti-inflationary hedge in the mid-term utilizing BTC overcollateralization, EUR cash deposits and cash guarantees as the core holdings of its portfolio.